Crude Oil Rebounds but Near-term Outlook Remains Fragile

Ibtimes.com reported that Crude Oil Rebounds but Near-term Outlook Remains Fragile:

Factory orders in Germany surprisingly jumped +2.8% m/m in April after surging +5% in the prior month. The market had anticipated a dip of -0.2%. The unexpected increase was driven by weakness in the euro which spurred exports.

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